I see you posted this question quite a while ago and no one has answered it. I will tell you there are quite a few neighborhoods that meet this criteria in Coweta County. I am a Realtor with Coldwell Banker Bullard Realty in Newnan. I will need a little more information as to exactly what you are looking for but, will be glad to help you find a home. Please feel free to contact me at 404-563-5866.
Hello - If I understand your question correctly it may be to protect your Earnest Money, the Termination Notice cancels your current contract. maybe the bank/short sale lender wont take your offer and they want a higher price? Otherwise DEFINITELY ask your Agent for clarification!
Emily & Team
On the surface you own the property. However, this is assuming you have a standard mortgage. If you have a land contract, then you don't technically own it.
Also, the contract with the mortgage company probably has a clause that it cannot be substantially altered without their permission. Almost everyone with a mortgage ignores this, and so does the mortgage company (it's not worth the fight). But, it might still be in there. There also might be a clause that is also protected by Georgia law that allows a mortgage provider to lock down the status of the property. Once notice is filed, you might also have been notified that you are not to remove items such as fixtures, appliances, and "appurtenances". The later means anything attached to the land. Bushes and shrubs and roses would count. I can't vouch this is relevant to your situation, however. Every house and situation is unique, and if you want to make sure, then contact an attorney.
Best suggestion: dig out your mortgage documents and see if you can. It's very likely the mortgage company won't know they were even there, or care that they were. But, if you want to be by the book, then read your mortgage contract and/or consult an attorney. You can't always assume you own the place and can do as you like. The mortgage contract may limit your rights. But, we are just talking about rose bushes...
I know this is a tough time for you. I wish you well.... more
If I'm not mistaken when buying a property on the courthouse steps that is a tax sale,the previous owner has a one year right of redemption. Unlike a property that is in foreclosed for lack of payment on the mortgage,this is a risky buy. Most investors that I know buy these properties and rent them for a year without spending much money on them just to be safe. I would certainly consult my attorney before buying any property on the courthouse steps.... more